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24 September 2024 | 8 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.
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26 September 2024 | 3 replies
However, you should ensure that the contract language allows for such changes without requiring a full contract re-signing.Consulting with an attorney familiar with Florida real estate and property management law is advisable to ensure compliance and avoid any potential legal issues when making these adjustments.Let me know if you need help with any other aspects of this process!
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24 September 2024 | 8 replies
I would want my money to be secured by a promissory note and mortgage on the property in question, and thanks to the advice from some on here, if the property in question isn't enough to cover it, I would need to attach a lien to other property to ensure I can get my money back.
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26 September 2024 | 1 reply
They also require less time compared to owning a rental outright.The reasons that I don't like REIT's as you mentioned in your post is that they are not efficient from a tax standpoint.From my understanding, REITS pay ordinary dividends and not qualified dividends.
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26 September 2024 | 0 replies
Typically a worthwhile real estate broker will save you time through efficiency and add at least equivalent value in actual dollars through effectiveness.
26 September 2024 | 0 replies
I'm actively purchasing multiple properties and would like to leverage hard money loans with terms typically ranging from 1.5 to 2 years.My primary focus is on securing financing that aligns with my investment goals while ensuring that the rates and terms are the most favorable.
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25 September 2024 | 7 replies
. - do nothing, hold in personal name but ensure you have sufficient Umbrella coverage.Do you use one of the above?
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26 September 2024 | 3 replies
Ensure your self-storage property has a strong cash flow to meet the DSCR requirements.
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26 September 2024 | 6 replies
Fast money, negotiable terms, and creative repayment strategies ensure I am able to maximize my yearly flipping potential.Hope this helps!
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27 September 2024 | 9 replies
I would recommend negotiating performance-based bonuses rather than commissions, ensuring that their focus aligns with your revenue strategy.Given that you are looking to expand your property with an in-house store and unique theme, a property manager focused on tailored guest experiences rather than just bookings would be more beneficial.